Examining the “Family Effect” on Firm Performance

The purpose of this article is to provide an explanation for the contradictory evidence in the literature regarding the performance of family-owned firms. The article suggests that most of the research fails to clearly describe the “family effect” on organizational performance. The “family effect,”...

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Bibliographic Details
Published in:Family business review 2006-12, Vol.19 (4), p.253-273
Main Author: Gibb Dyer, W.
Format: Article
Language:English
Subjects:
Family owned businesses
Financial performance
Studies
Variables
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Summary:The purpose of this article is to provide an explanation for the contradictory evidence in the literature regarding the performance of family-owned firms. The article suggests that most of the research fails to clearly describe the “family effect” on organizational performance. The “family effect,” based on agency theory and the resource-based view of the firm, is described and propositions are generated that examine the relationship between families and organizational performance. Implications for theory and research are also discussed.
ISSN:0894-4865
1741-6248
DOI:10.1111/j.1741-6248.2006.00074.x